30 Nov FHFA: Government To Back Mortgages Up To $970,800 In 2022
Announcement! The Federal Housing Finance Agency (FHFA) just released the conforming loan limit for 2022. The new limit for government backed mortgage loans will be $647,200 which is an increase of 18% over 2021. The conforming limit for high-cost areas will be $970,800, up 150% from 2021.
How does this affect your plans to buy a home? Call us and find out! We have traditional loans along with Jumbo options for homes that fall outside conforming limits.